Trump Media & Technology Group Corp. Stock Forecast

Green day on Wednesday for Trump Media & Technology Group Corp.
(Updated on May 08, 2024)

DJT Signals & Forecast

The Trump Media & Technology Group Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $48.25 and $42.35. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -1.34%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Trump Media & Technology Group Corp. stock

Trump Media & Technology Group Corp. finds support from accumulated volume at $48.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.20 between high and low, or 6.80%. For the last week, the stock has had daily average volatility of 8.42%.

Our recommended stop-loss: $47.31 (-3.96%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (DJT) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Trump Media & Technology Group Corp. to open at $48.85, and during the day (based on 14 day Average True Range), to move between $43.19 and $55.33, which gives a possible trading interval of +/-$6.07 (+/-12.31%) up or down from last closing price. If Trump Media & Technology Group Corp. takes out the full calculated possible swing range there will be an estimated 24.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $48.66 (1.22%) than the resistance at $49.95 (1.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Trump Media & Technology Group Corp. stock A Buy?

Trump Media & Technology Group Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.667 Hold/Accumulate Unchanged

Predicted Opening Price for Trump Media & Technology Group Corp. of Thursday, May 9, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.